Merchants, banks spar over Fed’s debit card fee proposal
The Merchants Payments Coalition and the American Bankers Association revived their battle last week over whether the Federal Reserve should finalize a rule that would lower the amount card issuers can charge merchants when consumers swipe their debit cards. The…
Fed’s Barkin says 2025 outlook positive, inflation lowering
Article content Barkin voted in favour of a quarter-point reduction in the benchmark lending rate on Dec. 18. He rotated out of a voting position on the Fed’s interest-rate panel this year. The Fed’s interest-rate-setting panel has pushed “the federal…
Will the Fed Raise Interest Rates in 2025?
When the Federal Reserve jolted markets in December, it wasn’t with its decision to cut interest rates by a quarter point, but with big changes in its rate forecasts for 2025. Fed officials indicated they now expect to cut rates…
Atlanta Federal Reserve ends year with several promotions
The Atlanta Federal Reserve recently promoted Michael Williams to senior vice president and head of Operations for Federal Reserve Financial Services (FRFS). © Shutterstock Previously, Williams was vice president and head of Retail Products for FRFS at the Atlanta Fed….
Opinion: U.S. Federal Reserve will increasingly find itself in the crosshairs of president-elect Trump
Open this photo in gallery: Former U.S. president Donald Trump gestures with Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve at the White House in Washington, on Nov. 2, 2017.Carlos Barria/Reuters U.S. president-elect Donald Trump says…
Economists Have Predictions for 2025, But How Accurate Are They?
Key Takeaways A St. Louis Federal Reserve report released this week shows that the economy often veers from the path laid out by forecasters at the beginning of the year. In the past, forecasts for gross domestic product can be…
The Fed Should Stop Paying Interest on Reserves
Elon Musk and Vivek Ramaswamy are right to spotlight excessive spending at the Federal Reserve, but their focus on the $5 billion annual cost of the system’s 24,500 employees misses the principal opportunity for savings. The approximately $180 billion in interest on reserves…
What does 2025 hold for interest rates, inflation and the American consumer? • Utah News Dispatch
Brian Blank is a finance scholar and Fed watcher who researches how companies navigate downturns and make financial decisions, as well as how markets process information. Brandy Hadley is a finance professor who leads a student-managed investment fund and studies…
Dime Receives “Outstanding” Rating on Community
HAUPPAUGE, N.Y., Jan. 02, 2025 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company”), the parent company of Dime Community Bank (the “Bank” or “Dime”) announced today that Dime recently received an overall “Outstanding” Community Reinvestment Act (“CRA”)…
Dime Community Bancshares Earns Elite ‘Outstanding’ Federal Reserve CRA Rating for Community Impact
Dime Community Bancshares (NASDAQ: DCOM) has received an ‘Outstanding’ Community Reinvestment Act (CRA) rating from the Federal Reserve Bank of New York, achieving the highest possible score across all three evaluation components: Lending Test, Investment…